According to sources, underperforming employees in areas such as investment banking and wealth management will be impacted.

HSBC Holdings (NYSE:HSBC) may farm out some of its trading businesses as its executives weigh the technology investment needed to keep up with larger competitors, according to a media report. The bank ...

Europe's largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges related to a Chinese bank and loss of income from businesses it disposed in ...

Europe's largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit rose 6.5%, helped by the sale of its banking business in Canada. Stream NBC 5 for ...